August 18, 2014

Page 1

Newspaper of the Year

Waiver request for Ribadu splits PDP

News Help coming for Ibadan fire victims P7 Sports Athletes fume over allowances P41 Business Capital base threatens 180 brokers P25

NEWS Pages 4&9

•‘Exit bad for principle in politics’

•Nigeria’s widest circulating newspaper

VOL. 9, NO. 2942 MONDAY, AUGUST 18, 2014

•www.thenationonlineng.net

TR UTH IN DEFENCE OF FREEDOM TRUTH

N150.00

Council seeks N160b yearly for power transmission

T

HE National Council on Power (NACOP) is seeking N160 billion yearly to fund the Transmission Company of Nigeria (TCN) to achieve a cost reflective tariff. This is part of its recommendations during its conference last week in Abuja. The council includes stakeholders from the op-

From John Ofikhenua, Abuja

erators, state governments, commissioners, Federal Ministry of Power and agencies in the sector. According to NACOP, 75 per cent of the fund should be set aside for Capital Expenditure (CAPEX). The council said: “ Until such a time that a cost reflective tariff is established and 90 per cent or greater of an-

nual earned market revenue is received, it should be ensured that annual funding provided for the Transmission Company of Nigeria (TCN) from market, appropriations sources is not less than N160billion, with 75 per cent fund earmarked for Capital Expenditure ( CAPEX.).” NACOP said until such a time when appropriations are required to fund the

TCN, employee salary, employee benefits and critical business infrastructure needs should be funded from appropriations on a prorata basis, based on the previous year’s earned market revenue shortage percentage. It set a target of 6,500Mega Watts (MW) by the end of the year. The council also recomContinued on page 4

•INSIDE: LAGOS MOTORISTS BEMOAN ATTACKS P11 ONDO PLANS CREMATION LAW P5

Our battle against Ebola virus outbreak, by Fashola •SEE ALSO PAGES 2-5&55

29 patients escape as gunmen attack Ebola camp in Liberia

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By Precious Igbonwelundu

HERE is no Ebola Virus Disease (EVD) epidemic in Lagos, Governor Babatunde Fashola said yesterday. In a broadcast on the disease, Fashola said though the state had suffered painful loss of lives, the situation was not an epidemic as being alleged because “all those who have either died or are suffering from Ebola are directly traceable” to the Liberian EVD importer, Patrick Sawyer. He said 61 contacts were cleared last week after the 21 days surveillance, which is the known lifespan of the virus. “These people were not sick. They were persons who needed to be monitored because of real or suspected contacts to be certain that they did not eventually fall sick. We cautiously wait to see how many more people will be cleared and hope that there will be no new cases. “Nevertheless, our strategy is to prepare for the worst by making plans to expand the facility to take any new cases, while we hope for the best. There is a lot to do, and we need your collaboration to remain focused on containment and treatment”, Fashola said. He also debunked claims that Ebola victims were being neglected, adding that the state did not reject any useful drug; neither is there fund shortage. Fashola said victims were receiving the best care as recommended by experts, urging med-

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Continued on page 4

INSIDE

•Nigerian causes Ebola scare in Spain •UK varsities on alert WHERE ARE •Economics of EVD THE CHIBOK •Medical experts GIRLS KIDNAPPED caution airport staff ON APRIL 15?

AGES 2-5&55 •AND MORE ON P PA

•Catholic faithful at St. Anne’s Catholic Church, Odokekere in Ikorodu, Lagos State, present their palms to receive Holy Communion from Rev. Fr. Peter Azagba, following a directive by the Catholic Bishops Conference of Nigeria (CBCN) to curtail further spread and transmission of the Ebola virus…yesterday. PHOTO: NAN

The challenge of managing the Ebola virus is big but our resolve to contain and defeat it is bigger. That resolve is demonstrated by the courage shown by the first set of health workers at state and federal levels who stood up to be counted... —Governor

•CITYBEAT P10 •SPORTS P23 •JOBS P32 •CEO P34 •MOTORING P38 •POLITICS P45


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